Global spending on financial market data and news “continued its decade-long growth streak with revenues jumping 4.7% to a record $37.3 billion in 2022.”
Although real-time trading and data spending accounted “for the largest share of total revenues, strong demand for Pricing, Reference and Valuation data drove spending according to a new report published today by Burton-Taylor International Consulting, part of TP ICAP’s Data & Analytics division.”
Growth was primarily concentrated “in the Americas increasing by 8.3% in 2022, outpacing the 1.8% rate in Asia while spending in EMEA grew by 1.0%.”
Market data spending in the Americas “accounted for 50.8% of the global total, with EMEA and Asia accounting for 31.1 % and 18.1% of the total, respectively.”
Bloomberg continues “to claim the largest share of the global market data business, followed by Refinitiv and S&P Global Market Intelligence. S&P Global Market Intelligence reported the sharpest revenue growth in 2022, followed by Morningstar, Moody’s Analytics, and FactSet.”
Hadley Weinberger, Sr. Analyst at Burton-Taylor, said:
“As the uses of market data have extended beyond the trading desk into the middle- and back-office functions, budgets of investment banks and asset managers are increasingly inelastic. The new forms of data delivery that emerged during previous years’ lockdowns, such as more flexible data feeds and growth in mobile solutions, have found a place in all businesses, boosting the business for market data providers.”
The 99-page Burton-Taylor Financial Market Data/Analysis Global Share & Segment Sizing 2022 report is “available for immediate download by Burton-Taylor research members through the website:”
As noted in the update, Burton-Taylor International Consulting, “part of TP ICAP group, is the recognized leader in information industry market research, strategy, and business consulting. Burton-Taylor Exchange, Credit, Risk, Compliance, Media Intelligence, PR, and Market Data share figures are seen as industry benchmark standard globally.”
As mentioned in the announcement, TP ICAP reportedly “brings together buyers and sellers in global financial, energy and commodities markets.”
It is “the world’s largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology.”
